One KOTA Territory credit union challenged the community to save half a million dollars in loan interest, and they have reached their goal with two months to spare.
The Sturgis Northern Hills Federal Credit Union challenged community members to save $500,000 in loan interest. 85 members took part in the challenge and when a member refinanced, the total loan interest savings counted towards the challenges goal.
"We could not be more thrilled with the results so far for the Community Challenge," said NHFCU President and CEO Cindy Griffin. "This was the inaugural year, so to pass our goal this early is very exciting."
Not only does the challenge save people money, but NHFCU has committed to donate a total of $6,000 to three local charities if the goal was reached.
"We are going to be able to make some nice donations to each charity, and we're also helping community members lower their loan interest," said Griffin. "We are very happy with our community and this challenge."
The challenge ends December 14th. The total savings will be announced and checks will be presented to various charities. The public will decide the total amount each charity will receive. To vote for your favorite charity go to www.MyCUSaves.org.